Floor Plan Insurance


Definition of "Floor plan insurance"

John Calandruccio & Frank Calandruccio real estate agent
John Calandruccio & Frank Calandruccio RE/MAX Country

Coverage for a lender who has accepted property on the floor of a merchant as security for a loan. If the merchandise is damaged or destroyed, the lender is indemnified. The policy is on an all risks basis.

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